Best altcoins to invest in 2018

Things to learn before buying or Investing In Cryptocurrencies

Main subjects:

Acceptance

The verification method

Market capitalization

Daily trading volume.

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Retailer Acceptance – A cryptocurrency is useless if you can’t purchase anything with it. Before invest, it’s important to know where it gets accepted.
Certain coins are built for specific purposes and they aren’t designed to be exchanged for goods. Most popular cryptocurrencies are widely accepted (like Bitcoin)

Verification Method – Main differences between cryptocurrencies are their verification method. The most common method is called Proof of Work (POW).
To gain the right to verify a transaction, A computer has to spend time and energy solving a difficult math problem. You need a huge amount of energy to operate.
Proof-of-Stake (POS) systems try to solve this issue by letting the users with the largest share of the currency verify the transactions. These systems have faster transaction speeds and need less processing power to operate.

Market Capitalization & Daily Trading Volume – Market capitalization is the total worth of all coins currently in circulation, Today’s figures show that total cryptocurrency market capitalization is around $139 billion. High market capitalization most of the time means high value per coin. However, remember that the daily trading volume of currencies is more important than market capitalization.

According to crypto forums, top altcoins to watch in 2018;

ETHEREUM

LITECOIN

MONERO

IOTA

PLUS1

RIPPLE

Remember; always do your research before investing. This is not an investing advice.

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1 Response

  1. 19/05/2018

    […] is a social media cryptocurrency. Users who read the bulletin board can use their coins to ‘+1’ posts that they […]

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